Hello there fellow minnows!  Are you wondering what the various payouts of community led initiatives will land you?  It is my aim to show you!  The amount of support we are getting from the various whales on Steemit has been spectacular.  I'm a new member.  Started my account here in May.  I'm happy to a be a part of this thriving group of like minded people.  So let's get into it!

Image from Pixabay

I'm going to presume you guys have some interest in @whaleshares.  If you are unfamiliar with this project, I would suggest you read this and join the Discord channel:

https://steemit.com/whaleshares/@jphenderson/introducing-beyondbits-a-new-whaleshares-token

https://steemit.com/whaleshares/@jphenderson/what-is-whaleshares

https://discordapp.com/invite/RRDzn6c

My Post Payout Before Using 5 BeyondBit Tokens

Post Payout After

An Increase in SBD of 8.93!

I have been reading posts that go into the strategies of when to use the Whaleshares tokens.  I'm not experienced enough on the platform yet . . but I'm researching that information now.  For clarity, I should add that I did purchase the Whaleshares with Bitshares on the Open Ledger Exchange, and then did the trade for 1:1 for the BeyondBits.  

Further Analysis - This is the current price of BTS

Current Prices of Whaleshares on Open Ledger

  

At time of writing this, the cheapest sell order on the exchange was for 6.75 BTS.

If we take the current price of BTS and multiply the cheapest sell order we get:

.21 cents * 6.75 = $1.41

Now take 1.41 and multiply that by 5 

1.41 * 5 = $7.05

That is a gain of 8.93 SBD for about $7.05 USD !

Now I understand that 25 percent of the payout awards goes to the curators, which is cool with me!!  

The current rate of SBD at time of writing is $1.22 

$1.22 * 8.93 = $10.89

This is a lot of math - I hope I am doing this correctly ! haha

$10.89 - $7.05 = $3.84

That's the gain!!  There is one more step, and that is taking 25 percent off of the $3.88 for curation . . 

$3.84 * .75 = $2.88

These are initial results that could change as the post gets closer to payout

Now, I might be taking some of the fun out of it because I'm buying them direct on the market.  But I wanted to perform this experiement and didn't have any Whaleshares . . but let's imagine for a minute that I posted 4 times a day for 30 days using the same system as above at the current price of SBD.  I actually believe that the price of STEEM and SBD will rise in the coming months, so this is a conservative estimate.  This does not include winning  Whaleshares, which in my opinion, is the best way to get the most bang out of your posts. Hypothetically, if a person had the money to do this, let's see what the results would be.  

$2.88 * 4 = $11.52

$11.52 * 30 = $345.60 USD per month

Honestly, I am not sure that the tokens should be used like this.  It isn't up to me to decide.  I wanted to present the information to the community.

I know that a variety of other factors could change these numbers around, and that I used only one of my posts as an example, but for the purposes of this demonstration, the numbers are quite telling.  A person who is so inclined, could profit around $345 dollars a month by using this token.  

Conclusion:

No matter how it's looked at, this is a great project for the community.  They didn't have to do this for us.  But they did.  These initiatives allow the less powerful and wealthy on Steemit an opportunity to get some more SBD.  It allows us to gain exposure.  Our posts are seen more often.  Which translates into more followers, more upvotes, more interaction, and a tighter knit community.

Thanks for reading.  Let me know what you guys think!  I am still learning the ropes here, so if I my analysis is off in a certain area, don't hesitate to bring it to my attention!  A little constructive criticism is welcomed!